ǼȁȁǾȃǿȀǹ
ǹǻǼǿǼȈȋȇǾȈǾȈȈǾȂǼǿȍȈǾīǿǹȉȅȁȅīǿȈȂǿȀȅǹȃȅǿȋȉȅȊȀȍǻǿȀǹ
ǹǻǼǿǼȈȋȇǾȈǾȈ
ȅȚȣʌȠıIJȘȡȚȗȩȝİȞİȢȐįİȚİȢȤȡȒıȘȢİȞįȑȤİIJĮȚȞĮįȚĮijȑȡȠȣȞĮȞȐȜȠȖĮȝİIJȠȝȠȞIJȑȜȠīȚĮʌİȡȚııȩIJİȡİȢʌȜȘȡȠijȠȡȓİȢ
ıȤİIJȚțȐȝİIJȚȢȐįİȚİȢȤȡȒıȘȢİʌȚıțİijșİȓIJİIJȘįȚİȪșȣȞıȘ
ZZZOJFRP
ȀĮIJĮıțİȣȐȗİIJĮȚȝİIJȐĮʌȩȐįİȚĮIJȘȢ'ROE\/DERUDWRULHV
ȉȠ©'ROE\ªțĮȚIJȠȜȠȖȩIJȣʌȠȝİIJȠįȚʌȜȩ'İȓȞĮȚİȝʌȠȡȚțȐıȒȝĮIJĮIJȘȢ'ROE\
/DERUDWRULHV
ȅȚȩȡȠȚ+'0,țĮȚ+'0,+LJK'HILQLWLRQ0XOWLPHGLD,QWHUIDFHțĮșȫȢțĮȚIJȠȜȠȖȩIJȣʌȠ
+'0,İȓȞĮȚİȝʌȠȡȚțȐıȒȝĮIJĮȒıȒȝĮIJĮțĮIJĮIJİșȑȞIJĮIJȘȢ+'0,/LFHQVLQJ//&ıIJȚȢ
ǾȞȦȝȑȞİȢȆȠȜȚIJİȓİȢțĮȚıİȐȜȜİȢȤȫȡİȢ
ȆȁǾȇȅĭȅȇǿǼȈīǿǹȉȅǺǿȃȉǼȅ',9;ȉȠ'LY;
İȓȞĮȚȝȚĮȥȘijȚĮțȒȝȠȡijȒȕȓȞIJİȠʌȠȣ
įȘȝȚȠȣȡȖȒșȘțİĮʌȩIJȘȞ'LY;//&ȝȚĮșȣȖĮIJȡȚțȒIJȘȢ5RYL&RUSRUDWLRQ
ǾıȣȖțİțȡȚȝȑȞȘıȣıțİȣȒİȓȞĮȚȝȚĮİȖțİțȡȚȝȑȞȘıȣıțİȣȒĮȞĮʌĮȡĮȖȦȖȒȢȕȓȞIJİȠ
'LY;ʌȠȣijȑȡİȚİʌȓıȘȝȘʌȚıIJȠʌȠȓȘıȘ'LY;&HUWL¿HG
țĮȚȘȠʌȠȓĮȑȤİȚȣʌȠȕȜȘșİȓıİ
ĮȣıIJȘȡȠȪȢİȜȑȖȤȠȣȢīȚĮʌİȡȚııȩIJİȡİȢʌȜȘȡȠijȠȡȓİȢțĮȚİȡȖĮȜİȓĮȜȠȖȚıȝȚțȠȪıȤİIJȚțȐ
ȝİIJȘȝİIJĮIJȡȠʌȒĮȡȤİȓȦȞıİȕȓȞIJİȠ'LY;İʌȚıțİijșİȓIJİIJȘįȚİȪșȣȞıȘ
ZZZGLY[FRP
ȆȁǾȇȅĭȅȇǿǼȈīǿǹǺǿȃȉǼȅ',9;ȀǹȉǹȆǹǿȉǾȈǾǹȣIJȒȘıȣıțİȣȒȝİʌȚıIJȠʌȠȓȘıȘ
'LY;'LY;&HUWL¿HG
șĮʌȡȑʌİȚȞĮįȘȜȦșİȓʌȡȠțİȚȝȑȞȠȣȞĮİȓȞĮȚįȣȞĮIJȒȘ
ĮȞĮʌĮȡĮȖȦȖȒIJĮȚȞȚȫȞ'LY;ʌȠȣȑȤİIJİĮȖȠȡȐıİȚțĮIJĮʌĮȓIJȘıȘ92'īȚĮȞĮ
ĮʌȠțIJȒıİIJİIJȠȞțȦįȚțȩįȒȜȦıȘȢȝİIJĮȕİȓIJİıIJȘȞİȞȩIJȘIJĮȕȓȞIJİȠ'LY;țĮIJĮʌĮȓIJȘıȘ
92'ıIJȠȝİȞȠȪȡȪșȝȚıȘȢIJȘȢıȣıțİȣȒȢıĮȢīȚĮȞĮȝȐșİIJİʌİȡȚııȩIJİȡĮıȤİIJȚțȐȝİ
IJȘȞȠȜȠțȜȒȡȦıȘIJȘȢįȚĮįȚțĮıȓĮȢįȒȜȦıȘȢȝİIJĮȕİȓIJİıIJȘįȚİȪșȣȞıȘYRGGLY[FRP
ȈȣıțİȣȒȝİʌȚıIJȠʌȠȓȘıȘ'LY;
ȖȚĮIJȘȞĮȞĮʌĮȡĮȖȦȖȒȕȓȞIJİȠ'LY;
ȑȦȢțĮȚ+'S
ıȣȝʌİȡȚȜĮȝȕĮȞȠȝȑȞȠȣIJȠȣıȣȞįȡȠȝȘIJȚțȠȪʌİȡȚİȤȠȝȑȞȠȣ
ȅȚȠȞȠȝĮıȓİȢ'LY;
'LY;&HUWL¿HG
țĮȚIJĮıȤİIJȚțȐȜȠȖȩIJȣʌĮİȓȞĮȚİȝʌȠȡȚțȐıȒȝĮIJĮ
IJȘȢ5RYL&RUSRUDWLRQȒIJȦȞșȣȖĮIJȡȚțȫȞIJȘȢțĮȚȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚțĮIJȩʌȚȞĮįİȓĮȢ
ȀĮȜȪʌIJİIJĮȚĮʌȩȑȞĮȒʌİȡȚııȩIJİȡĮĮʌȩIJĮĮțȩȜȠȣșĮįȚʌȜȫȝĮIJĮİȣȡİıȚIJİȤȞȓĮȢıIJȚȢǾȆǹ
´
ȈǾȂǼǿȍȈǾīǿǹȉȅȁȅīǿȈȂǿȀȅǹȃȅǿȋȉȅȊȀȍǻǿȀǹ
īȚĮIJȘȜȒȥȘIJȠȣʌȘȖĮȓȠȣțȫįȚțĮʌȠȣįȚȑʌİIJĮȚĮʌȩIJȚȢȐįİȚİȢȤȡȒıȘȢ*3//*3/03/țĮȚȐȜȜİȢȐįİȚİȢȤȡȒıȘȢ
ĮȞȠȚȤIJȠȪțȫįȚțĮȠȠʌȠȓȠȢʌİȡȚȜĮȝȕȐȞİIJĮȚıIJȠʌȡȠȧȩȞİʌȚıțİijIJİȓIJİIJȘįȚİȪșȣȞıȘ
KWWSRSHQVRXUFHOJHFRP
ǼțIJȩȢĮʌȩIJȠȞʌȘȖĮȓȠțȫįȚțĮįȚĮIJȓșİȞIJĮȚʌȡȠȢȜȒȥȘȩȜȠȚȠȚĮȞĮijİȡȩȝİȞȠȚȩȡȠȚĮįİȚȫȞȤȡȒıȘȢȠȚĮʌȠʌȠȚȒıİȚȢ
İȖȖȣȒıİȦȞțĮȚȠȚıȘȝİȚȫıİȚȢʌȞİȣȝĮIJȚțȫȞįȚțĮȚȦȝȐIJȦȞ
Ǿ/*(OHFWURQLFVʌĮȡȑȤİȚİʌȓıȘȢIJȠȞĮȞȠȚȤIJȩțȫįȚțĮıİ&'520ȑȞĮȞIJȚĮȞIJȚIJȓȝȠȣʌȠȣțĮȜȪʌIJİȚIJȠțȩıIJȠȢIJȘȢ
įȚĮȞȠȝȒȢȩʌȦȢIJȠțȩıIJȠȢIJȠȣȝȑıȠȣİȖȖȡĮijȒȢIJȘȞĮʌȠıIJȠȜȒțĮȚIJȘȞʌĮȡȐįȠıȘțĮIJȩʌȚȞȣʌȠȕȠȜȒȢĮȚIJȒȝĮIJȠȢ
ȝȑıȦHPDLOıIJȘįȚİȪșȣȞıȘRSHQVRXUFH#OJHFRPǹȣIJȒȘʌȡȠıijȠȡȐȚıȤȪİȚȖȚĮʌİȡȓȠįȠIJȡȚȫȞİIJȫȞĮʌȩIJȘȞ
ȘȝİȡȠȝȘȞȓĮĮȖȠȡȐȢIJȠȣʌȡȠȧȩȞIJȠȢ